Lithuanian Railways will lose millions from EU sanctions on Belarus

LG Cargo train, source: Lithuanian Railways
Source: Lithuanian Railways

The Lithuanian Railways will lose approximately 24 million on yearly revenues due to the EU regulations imposing sanctions on Belarus. The losses concern the railway activities of LTG Cargo and LTG Infra that will see a reduction of 20 per cent in the transport of Belarusian fertilisers. Simultaneously, the oil products could reduce by half a million tons.

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Author: Nikos Papatolios

Nikos Papatolios is the Chief Editor of RailFreight.com, the online magazine for rail freight professionals.

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